INSPIRING TWO-BUILDING CREATIVE OFFICE/FLEX PROPERTY · For Sale INSPIRING TWO-BUILDING CREATIVE...
Transcript of INSPIRING TWO-BUILDING CREATIVE OFFICE/FLEX PROPERTY · For Sale INSPIRING TWO-BUILDING CREATIVE...
JOHN TABB, Centre Realty, Inc. 310.282.8833 OFFICE 310.991.4540 CELL [email protected]
The information contained in this document has been obtained from sources believed reliable. While Centre Realty, Inc., does not doubt its accuracy, Centre Realty, Inc., has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property, The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs
OFFERING PRICE
$3,050,000
TOTAL BUILDING
6,600 SF
TOTAL LAND
8,800 SF
Highly improved and ready for an OWNER USER to
occupy or to be leased as an INVESTMENT property
This project is the quintessential creative office property
with amazing interiors and ready for immediate occupancy.
Located in Inglewood, this is IMMEDIATELY adjacent to the
new Crenshaw/LAX metro line, Fairview Heights Station. Set
within the Transit Oriented Development Plan, the property
offers significant density and height bonuses for future
development and adding to its value.
Development along the Fairview Heights Station corridor is
expected to revitalize this submarket into a mixed-use area
with a significant new retail and housing components and
should continue to push creative office/flex building rental
rates to much higher levels.
For Sale
INSPIRING TWO-BUILDING CREATIVE OFFICE/FLEX PROPERTY
6813 & 6819 West Blvd. Inglewood, CA 90302
JOHN TABB, Centre Realty, Inc. 310.282.8833 OFFICE 310.991.4540 CELL [email protected]
The information contained in this document has been obtained from sources believed reliable. While Centre Realty, Inc., does not doubt its accuracy, Centre Realty, Inc., has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property, The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs
Priced to sell at $462 per sf and available for lease at $1.75
nnn per square foot per month, this building is approximately
one-third the occupancy cost of similar properties in the
adjacent Culver City and Playa Vista submarkets. Property
values in Inglewood have increased in the past several years
and with the completion of the new LA Football Stadium,
the massive new Hollywood Park mixed use redevelopment,
the Clippers arena, the Crenshaw/LAX metro line and more,
property values are anticipated to rise substantially and
narrow the valuation gap of the neighboring communities of
Culver City and Playa Vista.
The project offers the opportunity for multiple configurations:
u Immediate occupancy of the entire building (6,600 sf)
u Occupancy of one portion while deriving rental income from the other portion
u Leasing the entire property to another tenant.
SBA financing is an exceptional option for owner users who
occupy the entire building—in most cases providing up to
90% financing at favorable interest rates while the buyer is
required to put only a 10% down payment. Benefits of owning
versus leasing include property appreciation and equity
growth, control of occupancy costs, increased cash flow,
certain tax benefits including depreciation, property tax and
interest expense deductions and a future retirement plan.
Investment Highlights
JOHN TABB, Centre Realty, Inc. 310.282.8833 OFFICE 310.991.4540 CELL [email protected]
The information contained in this document has been obtained from sources believed reliable. While Centre Realty, Inc., does not doubt its accuracy, Centre Realty, Inc., has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property, The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs
The buildings have recently been improved to provide a state-
of-the-art creative office/flex environment. The buildings are
“plug and play” and require no extensive tenant improvement
investment, therefore, no time delays or risk associated with
the permitting process. Features include polished concrete
floors, high bay bow truss ceilings, built-in kitchens and
bathrooms including a shower, private offices, roll up doors,
ample light and air flow.
BUILDING FEATURES
6812 WEST BOULEVARD, INGLEWOOD
APN:4013-007-031
3,200 SF
6819 WEST BOULEVARD, INGLEWOOD
APN:4013-007-030
3,400 SF
TOTAL BUILDING
6,600 SF
TOTAL LAND
8,800 SF
PARKING
8 SPACES + AMPLE STREET PARKING
BUILT
1947, RENOVATED 2018
JOHN TABB, Centre Realty, Inc. 310.282.8833 OFFICE 310.991.4540 CELL [email protected]
The information contained in this document has been obtained from sources believed reliable. While Centre Realty, Inc., does not doubt its accuracy, Centre Realty, Inc., has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property, The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs
Inglewood is undergoing a very substantial construction
boom. Capital investment in Inglewood is quite large and
institutional in nature. Upon completion of the Stadium,
Hollywood Park redevelopment, 2,500 new residential units,
proposed Clippers stadium, NFL Networks West Coast
Headquarters, hotels and the metro rail mass transit stations,
the city of Inglewood will have amenities and services that are
second to none in Southern California. And with that, likely
dramatically rising property values.
At a cost estimated at more than $5 billion, the
development—formally named the LA Stadium &
Entertainment District at Hollywood Park—includes a
70,240-seat stadium and 6,000-seat performance center
under one roof that will anchor a 298-acre complex of office
buildings, shops, restaurants, residential units, hotels and
parks. It’s 3 1/2 times the size of Disneyland and twice as
big as Vatican City. It is the vision of Rams owner E. Stanley
Kroenke, a Missouri-born billionaire developer and
sports mogul.
AREA FEATURES
“INGLEWOOD WILL BECOME THE NEXT
DTLA. THE DEVELOPMENT OF THE
HOLLYWOOD PARK STADIUM WILL HAVE
THE SAME IMPACT ON THE INGLEWOOD
MARKET THAT THE STAPLES CENTER HAD
ON DOWNTOWN LOS ANGELES”.
-GLOBE STREET.COM 2018